Financial and Banking News


KSE Suspends then Relists FGB Shares

The Kuwait Stock Exchange (KSE) suspended dealing on its 'Gulf Companies Sector' of the shares of the Ajman-based First Gulf Bank (FGB). No reason was given for the suspension on 29 August, although FGB has been involved in merger talks with other small banks in the UAE from time to time. At the end of 1986 it reported total assets of Dh613.5mn ($169mn) and a 50% increase in profits from Dh11.1mn...